Suppose Emilio offers you $500 today or $X in 10 years. If the interest rate is 6 percent, then at what value of X would you be indifferent between the two options?

In 2013, plowback accounted for approximately ____ of corporate financing while new stock sales accounted for approximately ____

a. $2 trillion; $384 billion b. $65 billion; $1 trillion c. $1 trillion; negative $65 billion d. negative $65 billion; $1 trillion

If the government wants a natural monopoly to earn a "fair return" or zero economic profit, it will set

a. price equal to marginal cost. b. price equal to average total cost. c. price equal to average revenue. d. marginal cost equal to marginal revenue. e. marginal cost equal to average total cost.